Younger Aussies looking to own a home could be waiting a while, according to new research by Finder. Finder analysis shows young Australians need at least 12 years to save for a deposit for the average unit and 16 years for the average house if they start saving today. This would mean saving $299,868 for a…
The fixed-rate cliff, a term that has become colloquially known in the Australian financial landscape, is a subject that’s been garnering attention lately. With over $100 billion in fixed-rate mortgages set to expire by the end of the year, it’s time to delve into what lies on the other side of this cliff. The Fixed-Rate…
It’s an age old question. Which generation had it better? The debate over whether older generations faced unfair advantages to purchase property has soured family gatherings throughout the world. The answer is complex. Baby Boomers and Gen Xers faced different hurdles to homeownership, with the Australian cash rate sitting at 17% in 1990 and the…
What resources do you use to make your financial decisions? Surprisingly a third of Aussies turning to social media to help make financial decisions. Households across all corners of Australia are dealing with a financial crisis like no other, and alarming data from Compare the Market’s new Household Budget Barometer reveals that a staggering number…
Aussies who decide to sell off-market get up to $60,000 less for their property, with some states and areas taking the biggest hit to returns. On average, houses sell for 4.3% less off-market nationally while units sell for 1.2% less, a recent PropTrack analysis revealed, which uses the average price difference between off-market property sales…
Townhouses have been around for a long time, with demand for this type of dwelling picking up more recently and this will only get stronger. Where is all this demand coming from? I can break it into two separate demographics; young families and retirees. But this is only occurring in a certain location – let…
The perfect storm of skyrocketing living costs, stagnant wages, and rising house prices has made the Great Australian Dream feel more like a mirage for many. What’s a would-be homeowner to do? Enter rent-to-own (sometimes called a rent-to-buy) home schemes, a rather nifty alternative that is popular overseas has been starting to gather some momentum…
The number of distressed sales – where sellers put their homes on the market because they can’t afford mortgage repayments – is falling around the country, even despite worsening inflation and interest rate pressures. A new Domain report shows that the number of distressed listings has declined in each capital city between January 2021 and…
There are many costs involved when buying an investment property in Australia, and stamp duty is one which is often overlooked… but it can really make a difference to your total cost. Depending on the property you could be liable to pay tens of thousands of dollars in stamp duty soon after the contract is…
Robert Kiyosaki’s book, “Rich Dad Poor Dad”, is a personal finance classic that has inspired millions of people worldwide to take control of their financial future. The book offers a unique perspective on money and wealth-building that challenges traditional financial wisdom. Here are six lessons from “Rich Dad Poor Dad” that are worth taking note…
